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$ 1,199,000
Est. payment | /mo
0.35 Acres Lot
$ 1,199,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2117531
Construction Status Blt./Standing
HOA Y/N No
Year Built 2005
Annual Tax Amount $5,358
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Retail
Property Description
What an awesome investment opportunity! Well established bar/restaurant with a liquor license. Lease goes through March 31, 2027, with two five year options with ten percent increases every five years. The tenant recently invested $200,000+ in property upgrades. The year built is an effective year, actual year built is unknown to seller. Cedar City is continues to grow quickly. It currently has a population of 41,400 and is projected to reach 56,400 in the next decade. Growth rate has been 3.73%. per annum since the last census. It is the home to Southern Utah State University and the world renowned Shakespearean Festival
Location
State UT
County Iron
Area Cedar Cty; Enoch; Pintura
Interior
Fireplace false
Exterior
View Y/N No
Present Use Retail
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID B-1335-0007-00002
Horse Property No
Listed by Essential Real Estate LLC
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NEARBY SCHOOL & BUSINESS